MIRA INFORM REPORT
|
Report No. : |
302428 |
|
Report Date : |
08.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
GSP CROP SCIENCE PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
GUJARAT SUPERPHOSPHATE
INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
404, Lalita
Complex, 352/3, Rasala Road, Near Jain Temple, Navrangpura, Ahmedabad -
380009, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.02.1985 |
|
|
|
|
Com. Reg. No.: |
04-007641 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.260.225 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24120GJ1985PTC007641 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMG00810F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7984Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Agro Chemicals. |
|
|
|
|
No. of Employees
: |
650 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy operational risk profile marked by
adequate liquidity position and sound profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
04.11.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
04.11.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Atish Shah |
|
Designation : |
General Manager Finance |
|
Contact No.: |
91-9687652934 |
|
Date : |
07.01.2015 |
LOCATIONS
|
Registered
Office : |
404, Lalita
Complex, 352/3, |
|
Tel. No.: |
91-79-26466580 /
26440493 / 26449936 |
|
Mobile No.: |
91-9687652934 (Mr. Atish Shah) |
|
Fax No.: |
91-79-26448872 /
22901047 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 Sq. Fts. |
|
Location : |
Owned |
|
|
|
|
Corporate
Office : |
1st
Floor, Amar Chambers, Relief Road, Kalupur, Ahmedabad –380002, Gujarat, India
|
|
Tel. No.: |
91-79-27430299 /
27489081 |
|
Fax No.: |
91-79-27435431 |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No. 101 to
103, GVMM Industrial Estate, Odhav Road, Ahmedabad – 382415, Gujarat, India |
|
Tel. No.: |
91-79-22900927 /
22900528 / 22873927 / 22871030 |
|
Fax No.: |
91-79-22902526 |
|
E-Mail : |
|
|
Area : |
50000 Sq. Fts. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
551, Phase II, Road No. A, GIDC Kathwada, O/S Odhav Octroi Naka,
Ahmedabad – 382430, Gujarat, India |
|
Tel No. : |
91-79-22902556 / 22900451 |
|
Fax No.: |
91-79-22901047 |
|
|
|
|
Factory 3: |
Plot No. 1/15/16, GIDC Estate Nandesari, District Baroda - 391340,
Gujarat, India |
|
Tel No.: |
91-265-2841517 |
|
Fax No.: |
91-265-2840117 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Bhavesh Vrajmohan Shah |
|
Designation : |
Managing Director |
|
Address : |
35 Manikamal
Co-operative Society, Sal Hospital road, Near Surdhara Circle, Thaltej,
Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
30.09.1971 |
|
Date of Appointment : |
01.03.1994 |
|
PAN No.: |
AFGPS4035N |
|
DIN No.: |
00094669 |
|
|
|
|
Name : |
Mr. Kenal Vrajmohan Shah |
|
Designation : |
Managing director |
|
Address : |
29/11 Manikamal
Society, VI-2 Surdhara Circle, Thaltej, Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
31.10.1969 |
|
Date of Appointment : |
01.03.1994 |
|
PAN No.: |
AEJPS4664M |
|
DIN No.: |
00094439 |
|
|
|
|
Name : |
Mr. Vrajmohan Ramanlal Shah |
|
Designation : |
Director |
|
Address : |
11 Manikamal Society,
VI-2 Surdhara Circle, Thaltej, Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
03.12.1941 |
|
Date of Appointment : |
12.11.1985 |
|
PAN No.: |
ACZPS3608R |
|
DIN No.: |
00094656 |
KEY EXECUTIVES
|
Name : |
Mr. Atish Shah |
|
Designation : |
General Manager Finance |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vrajmohan Ramanlal Shah |
341750 |
|
Vrajmohan Ramanlal Shah (HUF) |
194140 |
|
Vrajmohan Ramanlal Shah, Joint V.C Shah ,H.V. Shah and Joint Others |
50 |
|
Vilasben Vrajmohan Shah |
176250 |
|
Kenal Vrajmohan Shah |
586710 |
|
Kenal Vrajmohan Shah (HUF) |
52190 |
|
Falguni. K. Shah |
56125 |
|
Bhavesh Vrajmohan Shah |
583520 |
|
Bhavesh Vrajmohan Shah (HUF) |
52190 |
|
Deepa B Shah |
56125 |
|
V R Shah and V V Shah |
267630 |
|
Anees Mohammed |
24000 |
|
Arief Mohammed |
24000 |
|
Munaf Mohammed |
24000 |
|
Younus Mohammed |
24000 |
|
Tirth Shah |
133320 |
|
Total |
2596000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage of
Holding |
|
Directors or relatives of Directors |
96.30 |
|
Other top fifty shareholders |
3.70 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Agro Chemicals. |
||||
|
|
|
||||
|
Products : |
· Insecticides · Fungicides · Herbicides · Public Health Formulations · Seed Treatment Chemicals |
||||
|
|
|
||||
|
Brand Names : |
-- |
||||
|
|
|
||||
|
Agencies Held : |
-- |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
· Latin America · Australia · Gulf Countries · USA |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
· China · Japan |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Advance Payment |
||||
|
|
|
||||
|
Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
650 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited, Trishul 3rd Floor, Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
Cash Credit: Rs. 200.000 Millions (From Axis Bank Limited) Letter of Credit: Rs. 500.000 Millions (From
Axis Bank Limited)
Notes LONG TERM BORROWINGS Vehicle loans are secured by hypothecation of vehicles Term loans from bank are secured against by following securities: · Primary Security - First charge over entire fixed assets at all the four units and R & D laboratory and also future assets of the company. · Collateral Security - Extension of charge (over and above working capital) over current assets of the company. · Guarantee - Personal Guarantee of Vrajmohan R. Shah, Kenalbhai V. Shah and Bhaveshbhai V. shah. · Corporate guarantee of Bharat Pesticides Private Limited and universal chemical industries. SHORT TERM BORROWINGS · Working capital facilities are secured by hypothecation of R.M., F.G., stock in process, packing materials, book debts, outstanding monies, receivable claims etc present and future. ·
Equitable mortgage of factory land and
building and by personal guarantee of directors and corporate guarantee of
Bharat Pesticides Industries Private Limited and universal chemical
industries. working capital facilities include cash credit limit and FCNRB
demand loans |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
Borkar and Muzumdar Chartered Accountants |
|
Address : |
B - 408 Premium
House Near Gandhigram Railway Station Ashram Road Ahmedabad – 380009,
Gujarat, India |
|
Tel. No.: |
91-79-26580401 / 26580412 |
|
E-Mail : |
|
|
PAN No.: |
AAAFD3194J |
|
|
|
|
Associate : |
· Bharat Pesticides Industries Private Limited CIN No.: U24299GJ1971PTC001989 · GSP Uruguay Sociedad Anonima · Sulphur Crop Care Private Limited |
|
|
|
|
Partnership firm in which directors are
interested : |
· Universal Chemical Industries · Universal Bio Care |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital : Rs.500.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.
294.800 Millions
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.100/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2602250 |
Equity Shares |
Rs.100/-
each |
Rs.260.225
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
260.225 |
250.000 |
250.000 |
|
(b) Reserves & Surplus |
1,083.019 |
575.733 |
251.457 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1,343.244 |
825.733 |
501.457 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
92.697 |
89.628 |
175.270 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
14.955 |
9.279 |
0.610 |
|
(d) long-term
provisions |
4.054 |
0.963 |
1.853 |
|
Total Non-current
Liabilities (3) |
111.706 |
99.870 |
177.733 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
738.219 |
740.381 |
619.002 |
|
(b) Trade
payables |
1,231.558 |
958.812 |
624.210 |
|
(c) Other
current liabilities |
325.286 |
325.700 |
205.192 |
|
(d) Short-term
provisions |
146.006 |
144.377 |
32.048 |
|
Total Current
Liabilities (4) |
2,441.069 |
2,169.270 |
1,480.452 |
|
|
|
|
|
|
TOTAL |
3,896.019 |
3,094.873 |
2,159.642 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
560.212 |
420.641 |
409.949 |
|
(ii)
Intangible Assets |
16.192 |
15.557 |
0.113 |
|
(iii)
Capital work-in-progress |
52.392 |
104.283 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
6.120 |
|
(b) Non-current Investments |
0.046 |
0.046 |
0.046 |
|
(c) Deferred tax assets (net) |
3.208 |
7.709 |
3.159 |
|
(d) Long-term Loan and Advances |
21.631 |
18.584 |
15.522 |
|
(e) Other
Non-current assets |
35.461 |
6.047 |
3.587 |
|
Total Non-Current
Assets |
689.142 |
572.867 |
438.496 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1,644.629 |
1,296.240 |
879.601 |
|
(c) Trade
receivables |
1,249.947 |
933.942 |
678.320 |
|
(d) Cash
and cash equivalents |
156.727 |
213.290 |
104.880 |
|
(e)
Short-term loans and advances |
155.574 |
78.534 |
58.345 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3,206.877 |
2,522.006 |
1,721.146 |
|
|
|
|
|
|
TOTAL |
3,896.019 |
3,094.873 |
2,159.642 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
7083.000 |
4752.100 |
3500.400 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
NA |
NA |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
838.990 |
579.222 |
188.580 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
98.744 |
84.411 |
89.279 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
740.246 |
494.811 |
99.301 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
256.586 |
170.535 |
30.776 |
||
|
|
|
|
|
|
||
|
Less |
PRIOR PERIOD
ADJUSTMENT |
4.282 |
0.000 |
0.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
479.378 |
324.276 |
68.525 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.521 |
0.245 |
6.720 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
460.000 |
320.000 |
75.000 |
|
|
|
|
Dividend |
13.011 |
0.000 |
0.000 |
|
|
|
|
Tax on Dividend |
2.111 |
0.000 |
0.000 |
|
|
|
BALANCE CARRIED TO
THE B/S |
8.777 |
4.521 |
0.245 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
793.000 |
582.900 |
590.100 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
184.83 |
129.71 |
27.41 |
||
Expected Sales (2014-2015): Rs.7500.000 Millions
The above information has been parted by Mr. Atish Shah (General Manager Finance).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
6.77 |
6.82 |
1.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.28 |
16.59 |
4.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.55 |
0.60 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
1.01 |
1.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.16 |
1.16 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In
Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
250.000 |
250.000 |
260.225 |
|
Reserves & Surplus |
251.457 |
575.733 |
1083.019 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
501.457 |
825.733 |
1343.244 |
|
|
|
|
|
|
Long Term borrowings |
175.270 |
89.628 |
92.697 |
|
Short Term borrowings |
619.002 |
740.381 |
738.219 |
|
Total
borrowings |
794.272 |
830.009 |
830.916 |
|
Debt/Equity
ratio |
1.584 |
1.005 |
0.619 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
3,500.400 |
4,752.100 |
7,083.000 |
|
|
|
35.759 |
49.050 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
3,500.400 |
4,752.100 |
7,083.000 |
|
Profit |
68.525 |
324.276 |
479.378 |
|
|
1.96% |
6.82% |
6.77% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current Maturities of Long Term Debts |
35.000 |
66.349 |
57.588 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10409775 |
13/02/2014 * |
2,067,900,000.00 |
PNB Investment Services Ltd-Sec Trustee Of SBI Consortium Of SBI & Ab |
C/O Punjab National Bank, Circle Office, Nr. M.J. Library, Ellisbridge, Ahmedabad, Gujarat - 380009, India |
B97837298 |
|
2 |
90096988 |
15/02/2014 * |
2,397,900,000.00 |
PNB Investment Services Ltd-Sec Trustee Of SBI Consortium Of SBI & Ab |
C/O Punjab National Bank, Circle Office, Nr. M.J. Library, Ellisbridge, Ahmedabad, Gujarat - 380009, India |
B97836431 |
|
3 |
90102475 |
23/02/2013 * |
330,000,000.00 |
State Bank Of India |
Overseas Branch 3rd Floor Amrit Jayanti Bhavan, Navjivan Trust Complex P.O. Navjivan, Ahmedabad, Gujarat - 380014, India |
B70450184 |
*Date of modification Charges
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs. In Millions) |
31.03.2013 ( Rs.
In Millions) |
|
LONG TERM BORROWINGS |
|
|
|
From Directors |
28.003 |
36.004 |
|
From Shareholders |
0.000 |
33.623 |
|
Total |
28.003 |
69.627 |
CORPORATE INFORMATION
Subject is a private limited Company domiciled in India and incorporated under the provisions of The Companies Act, 1956. The Company is engaged in manufacturing of Agro Chemicals. The Company caters to both Domestic and international market. The Company is having four manufacturing units and Head Office, in the state of Gujarat. The Company is having in house R & D unit at Odhav, Ahmadabad and in the current financial year company has started new ETP Plant adjacent to Unit-3 at GIDC Nandesari, Vadodara.
PERFORMANCE
AND OPERATIONS:
The Company has registered sales turnover during the year to the tune of Rs.7083.000 Millions as compared to Rs.4752.100 Millions in the previous year. The Profit After Tax has increased from Rs.324.300 Millions to Rs.479.400 Millions.
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
Intangible Assets
· Computer Software
· Know-How
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.75.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.